Main Street ($MAIN) announced its next dividend of 24¢ per share, a 2.13% increase over the company's previous payout of 23.5¢.
DivGro's annual dividend income will increase by $18.00 as a result.
I own 300 shares of MAIN at an average cost basis of $21.65 per share. Following this increase, my yield on cost is 13.30%. In comparison, MAIN's forward yield is 7.33% at $39.30 per share.
MAIN became DivGro's 6th Home Run stock in September 2016 when the stock doubled my original capital outlay.
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